Quarter One Interim Management Statement
13 weeks to 29 March 2009
Domino's Pizza UK & IRL plc ('Domino's' or 'the Company'), the leading pizza delivery company in the UK and the Republic of Ireland, today announces an Interim Management Statement in conjunction with its Annual General Meeting which is to be held at 1.00pm today, 23 April 2009. Financial data is for the 13 week period to 29 March 2009 ('the period') unless otherwise stated.
The Company has continued to see good momentum in the business. Like-for-like sales for the period in the 501 mature stores were up 9.3% (2008: 12.4% in 450 mature stores). System sales for the period were up 17.6% to £101.1m (2008: £86.0m). E-commerce continued to grow strongly with online sales for the period up 31.7% to £16.6m (2008: £12.6m) and accounting for 23.6% of UK delivered sales (2008: 21.3%).
The Company has opened 10 new stores since the beginning of the year (2008: 6 new stores) creating around 300 new jobs in the UK and the Republic of Ireland. The Company had a total of 563 stores as at 29 March 2009 (2008: 507) and is well-positioned to achieve its target of 50 new store openings this year.
Chris Moore, Chief Executive commented:
'Our underlying trading during the period continued to show good growth, especially as the comparable period last year included the Easter bank holiday and March 2008 was the wettest March since 1981. During the first six weeks of this year, the snow had a positive impact on trading, leading to stronger than expected sales for that period. We have tough comparatives to beat in the coming months, but are confident that we are well-placed to face the challenge.
'We are pleased with our current performance and trading continues to progress in line with expectations'.
For more information, please contact:
Domino's Pizza:
Chris Moore - Chief Executive Officer
01908 580604
Lee Ginsberg - Chief Financial Officer
01908 580611
Georgina Wald - Corporate Communications Manager
01908 580660
Hogarth Partnership Limited:
Fiona Noblet, Anthony Arthur, Simon Hockridge
020 7357 9477
Numis Securities Limited
David Poutney, James Serjeant
020 7260 1000
Altium
Ben Thorne, Tim Richardson
020 7484 4040